A simple home loan doesn't mean you have to compromise on its features. With our Economy Variable Home Loan, you'll enjoy an ongoing low variable home loan interest rate with free redraw and flexible repayment options.
Available for both owner occupier and investor purposes.
Choose weekly, fortnightly or monthly repayments.
Access your extra repayments anytime via Internet Banking. Minimum $100.00. No forms needed & no fees apply. Learn about redraw.
Owner Occupied and Investment housing
Unlimited Free Redraw
Minimum $100.00 redraw. No fees apply. Learn about redraw.
Yes – fixed loan application fee applies
Principal and Interest
Interest only (maximum 5 years; subject to approval)
Weekly, fortnightly, monthly
Internet and Mobile
Maximum Loan to Value Ratio (LVR)
Construction Home Loans
New and existing customers for new lending only. Not available for the refinance or restructure of existing BOQ lending
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Owner Occupier - max 70% LVR +
(minimum $150k. New lending only)
(1.39% p.a. discount)
Owner Occupier - max 80% LVR ++
(minimum $150k. New lending only)
(1.34% p.a. discount)
Owner Occupier - max 90% LVR +++
(minimum $150k. New lending only)
(1.18% p.a. discount)
Investor - max 70% LVR +
(minimum $150k. New lending only)
(1.58% p.a. discount)
(1.78% p.a. discount)
Investor - max 80% LVR ++
(minimum $150k. New lending only)
(1.53% p.a. discount)
(1.73% p.a. discount)
Investor - max 90% LVR +++
(minimum $150k. New lending only)
(1.33% p.a. discount)
(1.38% p.a. discount)
At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.
$10.00 each month
One free per application **
A full list of fees can be found in our Fees and Charges Guide below.
There are a few things you’ll need to begin, such as your proof of identity, employment details and financial details such as income, assets, expenses and liabilities
Check your eligibility. You must:
For important information on our Economy Variable Home Loan, view our Terms and Conditions.
Find out your borrowing power, loan repayments and plan your budget
Calculate borrowing power
Compare our home loans side by side to see which is right for you
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Get to know the market with a BOQ Property Report
Know what your repayments are for peace of mind
A fixed rate home loan gives you the certainty of knowing exactly what your repayments will be for up to 5 years, while protecting yourself against any potential interest rate rises.
Protect your most valuable asset
Our Home & Contents Insurance helps prevent avoidable accidents and keeps you protected from avoidable events in your home. We're investing in making your home a safer space, all year round, with smarter solutions.
+ Limited time offer available for new to bank lending applications received from 11 September 2024. Application must have a minimum loan amount of $150,000 and maximum Loan to Value Ratio (LVR) of 70%. Not available for refinance or restructure of existing BOQ Group loans (which includes BOQ, BOQ Specialist, ME Bank and Virgin Money (Australia)), construction home loans or self-managed super fund loans. Full terms and conditions available at any BOQ branch or online at www.boq.com.au. Conditions, Criteria and Fees apply. Interest rates applied are based on the assessed loan LVR and can change or be withdrawn at any time.
++ Limited time offer available for new to bank lending applications received from 11 September 2024. Application must have a minimum loan amount of $150,000 and maximum Loan to Value Ratio (LVR) of 80%. Not available for refinance or restructure of existing BOQ Group loans (which includes BOQ, BOQ Specialist, ME Bank and Virgin Money (Australia)), construction home loans or self-managed super fund loans. Full terms and conditions available at any BOQ branch or online at www.boq.com.au. Conditions, Criteria and Fees apply. Interest rates applied are based on the assessed loan LVR and can change or be withdrawn at any time.
+++ Limited time offer available for new to bank lending applications received from 11 September 2024. Application must have a minimum loan amount of $150,000 and maximum Loan to Value Ratio (LVR) of 90%. Not available for refinance or restructure of existing BOQ Group loans (which includes BOQ, BOQ Specialist, ME Bank and Virgin Money (Australia)), construction home loans or self-managed super fund loans. Full terms and conditions available at any BOQ branch or online at www.boq.com.au. Conditions, Criteria and Fees apply. Interest rates applied are based on the assessed loan LVR and can change or be withdrawn at any time.
* BOQ’s Economy Variable Home Loan is available only for new to bank lending and is not available for refinance of existing BOQ group facilities (which includes BOQ, BOQ Specialist, ME Bank and Virgin Money (Australia)). One free residential valuation by Bank approved Valuer per Economy Variable Home Loan application. Government and other fees and charges are payable. Maximum 90% LVR applies. Interest rates applied are based on the assessed loan LVR and can change or be withdrawn at any time.
# Maximum limits are subject to assessment and may vary depending on the type of product or loan purpose and Lenders Mortgage Insurance may also apply.
** One free residential valuation by BOQ approved Valuer per Economy home loan application.
~ Payable per settlement where applicable
